Forex Trading Technical Analysis (2011/06/24) EUR/USD Drops to Trendline Support
(Please click on the forex chart thumbnail to enlarge) 6/24/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Friday (6/24/2011) has dropped down to the dynamic support provided by a bullish support trendline extending back to the mid-February low. The current bearishness occurs after price action failed to make further gains and [...]
Forex Trading Technical Analysis (2011/06/10) EUR/USD Third Consecutive Bearish Day
(Please click on the forex chart thumbnail to enlarge) 6/10/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness [...]
Forex Trading Technical Analysis (2011/06/09) EUR/USD Breaks Down Uptrend
(Please click on the forex chart thumbnail to enlarge) 6/09/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Thursday (6/0 9/2011) has tentatively broken down below a confluence of two support factors — a key psychological support/resistance level at 1.4500 and a steep uptrend support line extending [...]
Forex Trading Technical Analysis (2011/05/09) EUR/USD Bearishness Targets Further Downside
(Please click on the forex chart thumbnail to enlarge) 5/09/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (5/09/2011) is on its way to a third significantly bearish day, furthering its bearish stance from the latter part of the last week and approaching key support around the 1.4250 price region. [...]
Forex Trading Technical Analysis (2011/05/06) EUR/USD Drops to Support Confluence
(Please click on the forex chart thumbnail to enlarge) 5/06/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (5/06/2011) after the Non-Farm Payrolls report has descended to hover around a confluence of support that includes the key 1.4500 support level and an uptrend support line that extends back to the early [...]
Forex Trading Technical Analysis (2011/04/29) EUR/USD Reaches Further to the Upside, Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 4/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge [...]
Forex Trading Technical Analysis (2011/04/18) EUR/USD Breaks Down
(Please click on the forex chart thumbnail to enlarge) 4/18/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (4/18/2011) has broken down below key support levels, including both the key 1.4280 price level and a strong bullish support trendline that has been in place since the beginning [...]
Forex Trading Technical Analysis (2011/04/15) EUR/USD Pulls Back After Failing Around Key 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 4/15/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (4/15/2011) has dropped after a week of consolidating just under key 1.4500 resistance but ultimately being unable to breakout significantly or close above that important resistance ceiling. The current drop could be a part [...]
Forex Trading Technical Analysis (2011/04/11) EUR/USD Stalls Below Key 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 4/11/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (4/11/2011) morning has stalled right below key resistance, hitting a high just 18 pips below its 1.4500 resistance target. This approach of resistance caps off a full three [...]
Forex Trading Technical Analysis (2011/04/08) EUR/USD Heading for 1.4500, Correction Due
(Please click on the forex chart thumbnail to enlarge) 4/08/2011 Forex Trading Technical Analysis (FXpath.com) - EUR/USD (a daily chart of which is shown) as of Friday (4/08/2011) has risen dramatically to approach its 1.4500 upside resistance target, establishing a new 14-month high in the process. This occurs within the context of a strong and steep bullish [...]
